Exceptions to the circular flow are__________________?

A. Incidentals
B. Withdrawals
C. Injections
D. B and c only

In microeconomics the household is defined as_______________?

A. The nuclear family
B. The extended family
C. Everyone who lives under one roof
D. All of the above

Income received by households that is not returned to firms is called_______________?

A. Dissaving’s
B. Withdrawals
C. Incremental
D. Injections

Need and demand________________?

A. Are unrelated concepts
B. Amount to the same thing
C. Are closely related to price
D. Are closely related to supply

The Department of Health and Human Services has summarized the “correct” mix of goods and services through ?

A. “market basket of goods
B. The consumer price index
C. 165 social indicators
D. The externalities index

Without stabilized prices_______________?

A. Product market demand is problematic
B. Resource market demand is problematic
C. The distribution of income becomes more inequitable
D. All of the above

Total planned OR desired spending in the economy as a whole within a given period is called_____________?

A. Pent-up demand
B. Aggregate demand
C. Elastic demand
D. Excess demand

Maintaining full employment stabilizing the economy and pursuing economic growth are issues analyzed in the context of_______________?

A. Super economics
B. Microeconomics
C. Microeconomics
D. Hyper economics

Firms sell their products in________________?

A. Factor markets
B. Resource markets
C. Product markets
D. Abstract markets

Participants in the market system________________?

A. Are totally free to pursue their goals
B. Are affected by prices and incomes
C. Try to maximize their worth
D. Try to maximize their labor